Pareto Optimal Sizes of Innovation Spillovers. Baumol, W. J. Technical Report 97-42, C.V. Starr Center for Applied Economics, New York University, 1997. 00014 bibtex: Baumol1997
Pareto Optimal Sizes of Innovation Spillovers [link]Paper  abstract   bibtex   
The paper offers reasons indicating that the spillovers from innovation activity are surprisingly large; and argues that individuals who have invested directly or indirectly in the economy's innovation processes can be estimated, conservatively, to obtain less than ten percent of the total economy benefits contributed by new technology and new products.
@techreport{ baumol_pareto_1997,
  type = {Working Paper},
  title = {Pareto Optimal Sizes of Innovation Spillovers},
  url = {https://ideas.repec.org/p/cvs/starer/97-42.html},
  abstract = {The paper offers reasons indicating that the spillovers from innovation activity are surprisingly large; and argues that individuals who have invested directly or indirectly in the economy's innovation processes can be estimated, conservatively, to obtain less than ten percent of the total economy benefits contributed by new technology and new products.},
  number = {97-42},
  urldate = {2014-11-01TZ},
  institution = {C.V. Starr Center for Applied Economics, New York University},
  author = {Baumol, William J.},
  year = {1997},
  note = {00014 bibtex: Baumol1997},
  keywords = { {INNOVATIONS}, {WAGES} }
}

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